"We created that area as blighted and substandard so that projects like this can move forward," said CRA member Lee Elliot in moving [image-nocss] to approve the proposal.
Casey's will need to move an existing water line during the construction of the new $1.4 million store, said the report. The current store will be razed to make room for a larger design as well. All are projects eligible for tax-increment financing, said Chad Nabity, CRA director.
"Hopefully, this will encourage other folks to invest up there," Glen Murray, a CRA member from the Five Points area, told the newspaper.
Ankeny, Iowa-based Case's operates nearly 1,500 c-stores primarily in Iowa, Missouri, Illinois Kansas, Minnesota, Nebraska, South Dakota, Wisconsin, and Indiana.
Separately, Business Financial Group (BFG) of San Antonio, Texas, has formed a partnership with the Turner family, which controls the TETCO Inc. convenience store chain, reported The San Antonio Business Review. As part of the partnership, BFG is creating a risk-management division within the firm called BFG Risk & Benefits Management Division LLC. The partnership allows BFG to offer more formalized risk-management services. In turn, it allows the Turner family to get into the financial consulting arena.
BFG co-founder Kim Moore told the paper that essentially, the Turner family moved its risk-management department from TETCO Inc. to BFG.
San Antonio-based TETCO operates approximately 1,100 locations in Texas, as well as, Alabama, Arizona, Colorado, Illinois, Louisiana, New Mexico, Oklahoma and Utah.
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